The Securities and Exchange Commission (SEC) has deferred its decision on the approval of two Ethereum-focused exchange-traded funds (ETFs). The SEC noted the initiation of proceedings for ETF approval in a statement on Monday. The initiation of proceedings does not imply that the Commission has reached any definitive conclusions regarding the matter.
The statement notes, “Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change,”
ETF approval delays continue
This follows a recent delay on the Invesco Galaxy spot Ethereum ETF application to next year instead of December 23. In November, the SEC extended its verdict on the Hashdex Nasdaq Ethereum and Hashdex Bitcoin futures ETF applications. Additionally, the November deadlines for Franklin Templeton and Global X spot Bitcoin ETFs were also moved to next…
